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Chairman of the Federal Reserve System Jerom Powell Giving its full -time evidence of monetary policy to the heads of congress, starting with the appearance of the House of Representatives with the appearance of the Financial Services Committee.

In prepared notesPowell noted the “solid” state of the US economy, but stated that the problems are delayed about the president Donald TrumpTariffs will have inflation.

“Changes in politics continue to develop, and their influence on the economy remains uncertain,” he said. Powell added that he and his open market federal colleagues “can” expect to learn more about the likely economy course before considering any adjustments in our political position. “

Trump and other administration officials punished the Fed for not lowering. Referring to Powell, Trump urged Congress leaders to work “This is a very silent, tough person, in the truth in the social mail at the beginning of Tuesday.

Read more:
This week, the Powell’s Fed Chairman appears on the Capitol Hill with politics and in the center
Fed keeps a key rate stable, still see two more cuts this year
Fed Governor Waller says the Central Bank may reduce the rates already in July
Fed Governor Bowman contributes to the reduction of the interest rate when inflation remains low

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